Popular Retail Chain May Close Every Hudson Valley Location

A very popular retail chain may close every Hudson Valley location by next week.

Toys R Us is reportedly considering closing every location in the United States in the very near future.

According to multiple reports, Toys R Us is on the verge of liquidating its U.S. stores.

The situation is fluid, but a shutdown of the U.S. division is becoming more and more likely in recent days, sources told Bloomberg. Dreams that a buyer will emerge to keep the business running or a lender agrees to restructure the company's dept are fading.

According to the Wall Street Journal, the company is abandoning efforts to restructure through the bankruptcy.

CNBC reports lenders are pushing hard for a liquidation. Shares of Toys R Us debtholders, Hasbro and Mattel, saw their stocks drop last night. Mattel by nearly 5%, Hasbro over 3% after news leaked.